Existing LCs

Existing LCs. The letters of credit issued by Bank of America under the Existing Financing Agreement and outstanding as of the Closing Date.

Existing LCs. Group L/Cs issued and outstanding prior to the Initial Funding Date having an aggregate L/C Exposure not exceeding the l esser of (x) $7,000,000 and (y) the Aggregate L/C Exposure immediately prior to the Initial Funding Date (such lesser amount, as it may be reduced from time to time as provided herein, the "Maximum Existing L/C Exposure") (such Group L/Cs, together with any renewals or extensions thereof and any new Group L/Cs issued in replacement thereof and cash collateralized in... accordance with this Section 2.21, the "Existing L/Cs") may be cash collateralized as provided herein with cash pledged to secure Existing L/Cs immediately prior to the Initial Funding Date or from the Reserved Cash Collateral Account, View More